Learn about the BitStable project features and public sale process in one article

2 months ago
This article is approximately 705 words,and reading the entire article takes about 1 minutes
Double endorsed by Bounce and MultiBit.

Original - Odaily

Author - Nan Zhi

Learn about the BitStable project features and public sale process in one article

On November 27, Bounce Finance announced that it would cooperate with BitStable to launch its governance token BSSB on the Bounce Private Launchpad. The BSSB token issuance will be conducted in two parts – 60% for the pledge auction and 40% for the fixed-price auction.

In this article, Odaily will briefly introduce the basic information, public sale process and data of BSSB.

BitStable detailed explanation

Official documentation: BitStable is a groundbreaking decentralized asset protocol on the Bitcoin blockchain, providing a unique framework for the creation, trading, and management of synthetic assets. It enhances asset liquidity on the Bitcoin chain through a dual-token system and a cross-chain compatible structure.

Stablecoin DAII

Acquisition: DAII is a stable currency obtained through over-collateralization of Bitcoin ecological tokens. The supported tokens are determined by BSSB Governance. In the early stage, only ordi and MUBI were supported. The over-collateralization rate and liquidation coefficient have not yet been announced (only examples are given).

Purpose: To act as a stable medium in the volatile cryptocurrency market, making it a reliable asset for trading and investing.

Cross-chain practicality: BitStable cooperates with MultiBit Bridge to support cross-chain on the Bitcoin network and other EVMs. It plans to cross-chain some DAII to Ethereum and support the use of USDT exchange.

Token use case: No description yet.

Redemption: The collateral or USDT can be retrieved by destroying DAII on the BitStable platform.

Learn about the BitStable project features and public sale process in one article

Governance Token BSSB

Purpose: BSSB is the governance token of the platform, and users use it to maintain the system and manage DAII.

Use case: Holding BSSB can obtain platform income dividends and voting rights, and can also have early acceleration rights.

Obtain: In addition to the public sale, BSSB can be obtained by staking DAII, which is only supported on the Bitcoin network. You can pledge BSSB to obtain Boost equity, increase the pledge weight of DAII, and obtain higher mining income.

Learn about the BitStable project features and public sale process in one article

Follow-up plan

  • Integrate Rootstock (RSK) to enhance smart contract functionality

RSK brings Ethereum-like smart contract functionality to Bitcoin-based DAII. This allows for the development of complex, decentralized financial instruments and automated governance processes, enhancing the functionality of the protocol while maintaining the inherent security of the Bitcoin blockchain.

BitStable will establish a series of interrelated smart contracts through RSK. These contracts will manage various aspects of the DAII stablecoin, such as staking, issuance, redemption and governance. By adopting a structure similar to MakerDAO, it aims to achieve a high degree of automation, security and transparency in operations.

  • Integrate Taproot for enhanced functionality and privacy

Taproot integrates multiple digital signatures to improve network efficiency and transaction privacy. BitStable plans to use the Taproot upgrade to enhance the efficiency, privacy, and smart contract functionality of DAII transactions on the Bitcoin network.

The integration will also explore Taproot’s potential to facilitate complex smart contract operations, leveraging its enhanced scripting capabilities (Tapscript) to provide more advanced financial tools on the Bitcoin blockchain.

How to participate in BSSB issuance

Public sale quantity: 10, 500, 000 BSSB (50% of the total amount).

Total raised: $500,000.

Pledge auction round

Launchpad address:https://app.bounce.finance/launchpad/bitstable-staking

Time: November 29, 2023 12:00 (UTC+ 8) ~ November 30, 2023 12:00 (UTC+ 8)

Blockchain: Ethereum

Quantity in this round: 6, 300, 000

Pledged assets: AUCTION

Fundraising mode: Over-raising mode (If the total participation of all participants exceeds the fundraising limit, the excess AUCTION tokens will be returned to the participants.)

Total funding raised in this round: $300,000

Learn about the BitStable project features and public sale process in one article

fixed price auction round

Launchpad address:https://app.bounce.finance/launchpad/bitstable

Time: November 29, 2023 12:00 (UTC+ 8) ~ November 30, 2023 12:00 (UTC+ 8)

Quantity in this round: 4, 200, 000

Fundraising model: The allocation is on a first come first serve basis

Total funding raised in this round: $200,000

BSSB price: 1 BSSB = 0.0000233 ETH

Maximum investment amount per wallet: 1 ETH

BSSB Token Economics

Total amount of BSSB: 21, 000, 000

Team allocation: 5% (6 months locked, 15 months linear release)

Airdrop: 3.5%

Staking reward: 36.5%

LP: 5% (locked indefinitely)

Total amount of DAII: 1, 000, 000, 000 pieces


Currently, the two tokens DAII and BSSB in the BitStable ecosystem have no particularly outstanding practical cases. The BSSB token currently being sold to the public is used more for self-generated mining in addition to governance purposes according to official documents. But the project received dual endorsements from Bounce and MultiBit Bridge. Since the public sale AUCTION auction is a super-raised form, each investor can make judgments and investments based on real-time progress.


  1. BitStable technical documentation

  2. Public sale participation process (official version)

  3. BitStable official website

Original article, author:南枳。Reprint/Content Collaboration/For Reporting, Please Contact report@odaily.email;Illegal reprinting must be punished by law.

ODAILY reminds readers to establish correct monetary and investment concepts, rationally view blockchain, and effectively improve risk awareness; We can actively report and report any illegal or criminal clues discovered to relevant departments.

Recommended Reading
Editor’s Picks